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Adani Green shares jump 5% as company becomes 10th largest on BSE

On Tuesday, the shares of the company settled 5.1 per cent higher at Rs 2,800

Topics
business  | Adani Green Energy | BSE

IANS  |  New Delhi 



Adani power
So far in calendar year 2022, the investors in the Adani company accumulated over 100 per cent returns on their equities, data showed

Shares of surged over 5 per cent on an otherwise weak broader market.

On Tuesday, the shares of the company settled 5.1 per cent higher at Rs 2,800.

Notably, the Adani Group company became the 10th largest firm on the Bombay Stock Exchange in terms of market capitalisation.

Commonly referred to as market cap, market capitalisation is the aggregate valuation of the company based on its current share price and the total number of outstanding stocks.

Also, Abu Dhabi-based conglomerate International Holding Company's (IHC), investment of $2 billion in and two Adani Group supported the stock on Tuesday, said analysts.

So far in calendar year 2022, the investors in the Adani company accumulated over 100 per cent returns on their equities, data showed.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Tue, April 12 2022. 20:58 IST

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